The Federal Government has approved agreements with Hong Kong and Botswana to eliminate double taxation, with the purpose of curbing tax evasion.
This agreement was revealed by Information Minister Mohammed Idris during a press briefing following the Federal Executive Council meeting.
He said, “there’s an approval for an agreement for the elimination of double taxation with respect to taxes on income and prevention of tax evasion and avoidance between the Federal Republic of Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China.
“The last one from the Federal Ministry of Finance is the approval for signing of an agreement for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance between the Federal Republic of Nigeria and the Republic of Botswana.”
